CRITERIA FOR BANKING BASEL COMMITTEE - BASEL III
Journal Title: FBIM Transactions - Year 2018, Vol 0, Issue 1
Abstract
The Basel Committee, whose original name is "Committee on Banking Regulations and Supervisory Practices", is composed of representatives of central banks and regulatory bodies of the founder countries. The goal Committee has evolved over time and includes: defining the role of regulators in situations when there is no clear jurisdiction and competence of the same, the control that international banks and banking holdings avoid detailed supervision by domestic regulatory bodies and the promotion of universal solvency ratios so that banks from different countries can they participate in the market under equal conditions. The basis of the prosperity of a certain state, but also the business of businesses, is a sound and stable financial system. Basel III presents a comprehensive response from the Basel Committee for Supervision of Banks to the Impact of the Crisis on Regulatory, Supervision and Banking Risk Management. The goals of introducing Basel III are to achieve a balance between the requirements for the implementation and maintenance of stable financial systems and the achievement of the required credit level and the minimization of the funds of the state and taxpayers to cover the losses of private financial institutions. The modification agreement is a capital framework that, in relation to the implementation of global minimum standards for liquidity, produces global financial reform. Basel III consists of three pillars: capital requirements, liquidity standard and leverage coefficient.
Authors and Affiliations
Zoran Todorović
Keywords
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